News
CPO Futures Up on Higher Demand
KUALA LUMPUR: Crude palm oil (CPO) futures prices closed higher yesterday on demand for the commodity ahead of the Muslim festival of Hari Raya Aidilfitri in August. Philip Futures Sdn Bhd derivative product specialist David Ng said September contracts swung between positive and negative territ...
New Threats to Palm Oil
HIDDEN AGENDA: Under the guise of saving the environment, some nations’ laws impede the import of palm oil REMEMBER the much publicised London raid on the palm oil giant Guthrie in 1981? According to records, it took only about four hours for the transfer of ownership to take place. Malaysia e...
Palm Oil Hits Near Three-month High
Malaysian palm oil futures rose to near three-month highs on Tuesday as demand for the tropical oil spiked ahead of a Muslim holy festival, raising investors’ expectations that stocks in the No.2 producer will ease further. Exports of Malaysian palm oil in the first half of June surged as much...
Palm Futures Up Supported by Exports
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher yesterday supported by strong export data, dealers said. New contract month, July 2013 gained RM24 to RM2,459, August 2013 rose RM32 to RM2,467, September 2013 garnered RM28 to RM2,462 and October 2013...
Palm Oil Advances After Exports Surge on Rising Ramadan Demand
Palm oil gained for a second day on speculation that exports from Malaysia will climb this month as importers stockpile to meet an increase in demand during the Muslim fasting month of Ramadan. The contract for August delivery, with the biggest open interest, climbed as much as 0.8 pe...
Weekly Crude Palm Oil Report June 16, 2013
Crude palm oil futures (FCPO) on Bursa Malaysia Derivatives were generally moving sideways with slight pull back this week as investors were taking some profits amid the plunge in global equities. The benchmark FCPO August contract slipped RM18 or 0.73 per cent to settle at RM2,439 per tonne on Frid...
